secondary listing on nasdaq, page-26

I'm just wondering if our latest sell down is our 'sophisticated & professional investors' taking a quick profit - from the convertible notes cap raising.

My broker report shows that since our high of 2.4 a few days ago - one broker has sold approx 6,598,546 shares (around 58% of shares traded) selling down from 2.3 to 1.7 without buying 1 share. On the 10 Jan we had 6,666,667 convertible notes converted to shares at 1.5.

If it is the case - fair enough if they are taking a profit but wish we could find 'sophisticated' investors with more long term interests!